Registration number: 08266879

Couchman Hanson Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Couchman Hanson Limited

(Registration number: 08266879)
Statement of Financial Position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	7,600	26,000
Tangible assets	5	44,381	50,646
		51,981	76,646
Current assets
Stocks	6	383,281	170,518
Debtors	7	261,157	262,236
Cash at bank and in hand		172,169	201,404
		816,607	634,158
Creditors: Amounts falling due within one year	8	(272,589)	(316,327)
Net current assets		544,018	317,831
Total assets less current liabilities		595,999	394,477
Creditors: Amounts falling due after more than one year	8	(6,667)	(26,666)
Provisions for liabilities		(10,271)	(12,044)
Net assets		579,061	355,767
Capital and reserves
Called up share capital		2	2
Profit and loss account		579,059	355,765
Shareholders' funds		579,061	355,767

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 9 October 2025 and signed on its behalf by:
 

Couchman Hanson Limited

(Registration number: 08266879)
Statement of Financial Position as at 31 January 2025

......................................... Mr Daniel John Couchman Director

Couchman Hanson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 5 Charter Walk, West Street, Haslemere, Surrey, GU27 2AD. England.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Couchman Hanson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% Straight Line
Office equipment	20% Straight Line
Computer equipment	33% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Couchman Hanson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2024 - 24).

Couchman Hanson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 February 2024	92,000	92,000
At 31 January 2025	92,000	92,000
Amortisation
At 1 February 2024	66,000	66,000
Amortisation charge	18,400	18,400
At 31 January 2025	84,400	84,400
Carrying amount
At 31 January 2025	7,600	7,600
At 31 January 2024	26,000	26,000

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Office equipment £	Total £
Cost or valuation
At 1 February 2024	70,749	21,013	1,650	93,412
Additions	-	14,160	-	14,160
At 31 January 2025	70,749	35,173	1,650	107,572
Depreciation
At 1 February 2024	32,022	9,303	1,441	42,766
Charge for the year	14,150	6,231	44	20,425
At 31 January 2025	46,172	15,534	1,485	63,191
Carrying amount
At 31 January 2025	24,577	19,639	165	44,381
At 31 January 2024	38,727	11,710	209	50,646

6

Stocks

	2025 £	2024 £
Work in progress	383,281	170,518

Couchman Hanson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Debtors

	2025 £	2024 £
Trade debtors	234,604	243,314
Other debtors	710	1,300
Prepayments	25,843	17,622
	261,157	262,236

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	9	20,000	49,167
Trade creditors		14,786	40,141
Taxation and social security		215,500	193,133
Accruals and deferred income		13,795	24,704
Other creditors		8,508	9,182
		272,589	316,327

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	9	6,667	26,666

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,667	26,666

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,000	49,167

Couchman Hanson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	107,492	62,403
Later than one year and not later than five years	359,843	165,416
Later than five years	135,982	7,000
	603,317	234,819

The amount of non-cancellable operating lease payments recognised as an expense during the year was £70,324 (2024 - £81,463).